Ethereum Facing Large Price Move, According to On-Chain Data

Key Takeaways

  • Strong positive fundamentals support Ethereum bulls in the near-term.
  • A technical break above the $420 resistance level confirms a continuation of last week’s bullish breakout.
  • On-chain data analysis shows rising activity on the Ethereum blockchain.

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Ethereum has been consolidating for the last three trading days after buyers failed to break above key short-term resistance near the $420 level. 

Now, on-chain analysis reveals that buyers are…

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